Facebook's £4.5m fund for new journalists a 'step in the right direction' but may be 'too little, too late'

Share this

Facebook’s £4.5m fund for 80 new community journalists to go into local UK newsrooms is a step in the right direction, but there’s still a long way to go before publishers are getting a fair deal from the US digital giants.

Under the scheme, announced yesterday, trainee journalists will have their training costs, expenses and wages covered over two years.

The money has been paid as a cash donation to UK journalism training body the National Council for the Training of journalists, which will ring-fence it for the scheme.

Five regional publishers – Reach, Newsquest, JPI Media, Archant and the Midland News Association – will recruit and employ the trainees, with the door open to permanent job offers down the line.

This gift of money to the news industry, over which Facebook has said it will have “no control”, is a global first for the social network and shows pressure put on it over the past couple of years has had an impact.

Writing at the time, PG editor-in-chief Dominic Ponsford said it would be “enlightened self-interest” for the pair to financially support the content they profit from.

He called on Facebook and Google to become “more responsible digital citizens” and it seems that yesterday the US tech giant heeded that call.

But while Facebook’s pledge is a welcome recognition of the responsibility it has to publishers, on whom it relies to keep its users’ News Feeds filled with quality content, this new money is a drop in the ocean compared to the amount it is still taking out of their hands.

Meanwhile, the combined digital ad spend across all national, regional and magazine websites in the UK in 2017 was £758m.

While the digital ad market is growing, this new money is being lapped up by Facebook and Google. The result is that publishers are being forced to find other ways to make news pay, but many are still unproven.

Facebook itself does pay money to publishers in the form of ad revenue for stories appearing on its Instant Articles platform, and it has recently launched Watch, paying newsbrands for content on the video platform.

So far, however, the money paid out to news publishers has been a thin slice of the billions Facebook makes annually in turnover. As it stands, it is still part of the problem in building a sustainable ecosystem for news.

It bears repeating that a free, fair and independent press is vital to an effective democracy. If it can’t find a way to support itself, we all lose.